Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| 1 |
Alibaba
BABA
|
$806M |
| 2 |
Bristol-Myers Squibb
BMY
|
$597M |
| 3 |
AvalonBay Communities
AVB
|
$331M |
| 4 |
Essex Property Trust
ESS
|
$307M |
| 5 |
Truist Financial
TFC
|
$303M |
Top Sells
| 1 |
CELG
Celgene Corp
CELG
|
$783M |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
$286M |
| 3 |
Morgan Stanley
MS
|
$212M |
| 4 |
Bank of America
BAC
|
$186M |
| 5 |
Ameriprise Financial
AMP
|
$178M |
Sector Composition
| 1 | Technology | 19.18% |
| 2 | Financials | 16.45% |
| 3 | Healthcare | 13.43% |
| 4 | Consumer Discretionary | 11.44% |
| 5 | Communication Services | 9.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
51
Union Pacific
UNP
$132B
| $1.3B | 0.36% |
7,206,841
-200,000
| -3% | -$36.2M |
|
52
RTX Corp
RTX
$212B
| $1.29B | 0.36% |
8,631,971
+225,000
| +3% | +$33.7M |
|
53
Blackrock
BLK
$173B
| $1.22B | 0.34% |
2,423,172
+103,305
| +4% | +$51.9M |
|
54
IBM
IBM
$225B
| $1.2B | 0.34% |
8,981,778
-71,216
| -0.8% | -$9.55M |
|
55
Vornado Realty Trust
VNO
$7.28B
| $1.2B | 0.34% |
18,082,373
| – | – |
|
56
PayPal
PYPL
$66.2B
| $1.2B | 0.33% |
11,095,936
| – | – |
|
57
Netflix
NFLX
$516B
| $1.2B | 0.33% |
3,696,214
+41,103
| +1% | +$13.3M |
|
58
Eli Lilly
LLY
$659B
| $1.17B | 0.33% |
8,913,558
| – | – |
|
59
Broadcom
AVGO
$1.4T
| $1.16B | 0.32% |
3,668,334
-34,994
| -0.9% | -$11.1M |
|
60
Royal Bank of Canada
RY
$204B
| $1.14B | 0.32% |
14,421,374
| – | – |
|
61
Danaher
DHR
$146B
| $1.1B | 0.31% |
7,140,825
-54,908
| -0.8% | -$8.43M |
|
62
Starbucks
SBUX
$102B
| $1.09B | 0.3% |
12,423,105
-236,268
| -2% | -$20.8M |
|
63
Oracle
ORCL
$633B
| $1.08B | 0.3% |
20,459,962
-1,877,963
| -8% | -$99.5M |
|
64
Alexandria Real Estate Equities
ARE
$13.8B
| $1.07B | 0.3% |
6,621,832
+1,429,552
| +28% | +$231M |
|
65
Toronto Dominion Bank
TD
$127B
| $1.07B | 0.3% |
19,036,632
-177,809
| -0.9% | -$9.97M |
|
66
Qualcomm
QCOM
$171B
| $1.04B | 0.29% |
11,839,659
-206,074
| -2% | -$18.2M |
|
67
Lowe's Companies
LOW
$145B
| $974M | 0.27% |
8,133,798
| – | – |
|
68
CVS Health
CVS
$94B
| $956M | 0.27% |
12,864,077
+59,704
| +0.5% | +$4.44M |
|
69
Sempra
SRE
$54.1B
| $925M | 0.26% |
6,103,581
+118,122
| +2% | +$17.9M |
|
70
Booking.com
BKNG
$178B
| $920M | 0.26% |
448,207
-2,626
| -0.6% | -$5.39M |
|
71
American Tower
AMT
$93.9B
| $919M | 0.26% |
3,999,108
+47,378
| +1% | +$10.9M |
|
72
GE Aerospace
GE
$292B
| $908M | 0.25% |
81,370,589
+1,891,926
| +2% | +$21.1M |
|
73
3M
MMM
$82.2B
| $878M | 0.24% |
4,975,366
| – | – |
|
74
US Bancorp
USB
$75.5B
| $863M | 0.24% |
14,556,911
| – | – |
|
75
Gilead Sciences
GILD
$140B
| $860M | 0.24% |
13,228,713
-258,000
| -2% | -$16.8M |
|